I guess it is a cracking project then ;-) I got more info from the guy who setup the lab and it is simply Armadillo 3.75 with minimum protection, but with a mandatory key.

Since the code is only at school, I can't post a link, etc. However, I tried to
duplicate it by downloading the trial version of Armadillo and wrapping a simple application like calc.exe and then creating my own mandatory key.

Everything looks identical, except somehow I didn't obfuscate the OEP?? When Ollydbg loads the program, it identifies it right away, however just like the other program it never reaches the OEP and I'm stuck in the comparison routines trying to get past the key. Don't know what happened there.

I'm currently trying two methods:
1. What karlss0n recommended by setting the breakpoint, except in my case
GetWindowTextA isn't used, so I need to find the equivalent
2. Use the program that I wrapped with Armadillo and the known name/key
combo to give me clues to bypass the check.